In this week’s news recap: markets in New York, Miami and London keep booming, speculation of Ritz-Carlton Hotel and Residences coming to Perth, construction of the Banader Rotana Hotel in Bahrain resumes, Ritz-Carlton Residences at LA Live named among top listings for bachelors and the Penthouse at Mandarin Oriental Atlanta gets chopped, again. Plus, more news from Chicago, Philadelphia and the Caribbean.
This week’s news recap includes the introduction of Peninsula Hotels’ first residences (in Shanghai), a $40 million penthouse sale at Fairmont Pacific Rim Vancouver, a troubled auction for Trump Toronto, new project updates for the Cayman Islands, Sarasota, and Regina, Saskatchewan… plus, could Starbucks make the next great hotel brand?
This week’s news recap includes Zaha Hadid’s W South Beach home for sale, a hard look at owner termination rights in hotel-branded residences, a water dispute at Australia’s Palazzo Versace, and new designer residences at Montage Deer Valley… plus new projects in the works for Shenzhen, Pattaya, Hollywood, Puerto Rico, and Sarasota!
This week’s news recap is loaded with big new projects, including Long Island, Miami, Daytona Beach, Los Angeles, Nashville, Long Beach and Santa Monica! Plus: new residences for sale at New York’s Time Warner Center and Miami’s One Bal Harbour, and a new broker for the Residences at the Ritz-Carlton Magnificent Mile Chicago!
Six months since launching, HotelHomes.com is now achieving 20,000 visits per month on its sophisticated luxury platform. The world’s first global database of hotel-branded residences and hotel condominiums now includes over 250 properties affiliated with 59 hotel brands in 42 countries around the world.
“In many of the world’s hotel markets, building a luxury hotel without residences is not financially attractive to developers,” explained HotelHomes.com founder Dan August Cordeiro. “Hotel management companies increasingly realize that lending their brand to luxury residences opens the door to expand their hotel management portfolio, and more and more of them are getting into the sector.”
And just what are potential buyers looking for? Read More
CAD$25 million Penthouse at Fairmont Residences Pacific Rim Shatters Vancouver Price Records
Over half of Ritz Carlton Residences Bangkok Buyers Call the Middle East Home
Penthouse at the Residences at the W Tel Aviv-Jaffa Listed for $12.5 milion
Theory Founder Andrew Rosen Pays Over $3400/square foot for Condo at The Setai South Beach
Raffles Resort & Estates on Praslin, Seychelles Opens its Doors
Former Las Vegas Sands Executive To Operate Baha Mar Casino & Hotel
Ritz-Carlton Residences Lake Tahoe Announces Summer Activities
Construction Moves Forward at Residences at The St. Regis Amman With Award of Construction Contract
New York’s Top Swimming Pools including Mandarin Oriental and Trump Soho
$8 Million Condo Listed at Four Seasons Private Residences San Francisco
“Sex and the City” Creator Darren Star Sells $13 million Home at Trump International Hotel & Tower New York
Chicago Luxury Market Heating Up, Trump Chicago 92% Sold
$4 million penthouse sold at the Tower Residences at the Ritz-Carlton, Sarasota, Florida
Penthouse Residence Revealed at the Residences at the Ritz-Carlton LA Live
$100 million homes on the market include One57 and The Pierre in New York
Hotel & Condos Planned for Former Site of American Stock Exchange in Lower Manhattan
Qatar Plans Man-Made Island to Accommodate 2022 FIFA Fans
Thompson Hotels Spinoff Brand to Be Called “Tommie”
New World Hospitality Rebrands as Flagship Rosewood Brand
In February 2013, HotelHomes.com exceeded its goal of 10,000 visitors to the new hotel-branded property website, launched on January 1 of this year, roughly doubling the traffic since its inaugural month. “Our team is thrilled to have built on our initial successes and doubling our site traffic in our second month,” stated Dan August Cordeiro, Founder of HotelHomes.com.
The traffic itself is well distributed around 146 countries, with no more than 30% of the website’s traffic derived from any one country, although the United States, India and China were each among the top three source markets. Europe represented nearly 20% of all traffic.
New York, Florida and California are the top three searched locations for properties, further evidence that these markets are well past their market “bottom” and attracting the attention of a global audience.
Top lifestyles included beach, mountain and city properties, while the top-searched hotel brands included the luxurious Ritz-Carlton and Four Seasons brands and Starwood Hotels & Resorts’ hip W brand, indicating that younger consumers are also interested in hotel-branded residential properties.
This month’s top viewed development was Palazzo Tornabuoni, managed by Four Seasons Hotels & Resorts in Florence, Italy, which is a remarkably restored 15th century palace, while the individual listing for sale that was most clicked through to was a $2.3 million two-bedroom residence at The Setai Miami Beach.
Construction Underway at Ian Schrager’s The Residences at the Miami Beach Edition
International Investor Aquires Kempinski’s St. Moritz Hotel & Residences (German)
Related Plans for New Miami Hotel-Condo Emerging
Ritz Carlton Hotel-Condo Project in Waikiki Recieves City Council Approval
Giant Millennium Hollywood Towers Recieves Planning Endorsement for Mixed Hotel-Residential Project
Ritz Carlton Residences Singer Island Palm Beach reports $25 million in Sales in 6 Weeks, Reaches 70% Sold
Lawsuit Settled Clearing Way for Closings at The Ritz Carlton Residences Chicago Magnificent Mile
New Resale Hits the Market at Waterside at Le Meridien in Arlington, Virginia
Study Declares Hilton, Marriott and Four Seasons as Most Prevalent Online Brands